Dogecoin started a new fall of the $ 0.2120 zone against the US dollar. Doge consolidates now and can decrease under the support of $ 0.1940.
- DOGE -Price started a new decrease below the level of $ 0.2050.
- The price trades below the $ 0.20 level and the 100-hour simple advancing average.
- There is an important decreasing channel formation with resistance at $ 0.20 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new upward movement if it knew the resistance levels of $ 0.20 and $ 0.2050.
Dogecoin price is falling again
Dogecoin price began a new decrease in the $ 0.2120 resistance zone, which underperforming Bitcoin and Ethereum. Doge fell under the support levels of $ 0.2050 and $ 0.20.
There was a steady decrease below the 50% FIB racement level of the upward movement of the $ 0.1886 Swing Low to $ 0.2112 High. The bears even pushed the price below the level of $ 0.1980. There is also a key that can be taken with resistance to $ 0.20 on the hour table of the DOGE/USD pair.
Dogecoin price is now being traded below the level of $ 0.1980 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.20. The first major resistance for the bulls can be near the level of $ 0.2050.
The next major resistance is near the level of $ 0.2120. A close -up resistance of $ 0.2120 can send the price to the $ 0.2250 resistance. More profits can send the price to the level of $ 0.2350. The next big stop for the bulls can be $ 0.250.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.2050, this can start a new decline. The first support on the disadvantage is close to the $ 0.1940 level or the FIB retracement level of 76.4% of the upward movement of the $ 0.1886 Swing low to $ 0.2112 High. The next major support is near the level of $ 0.1880.
The most important support is at $ 0.1750. If there is a narrow break under the support of $ 0.1750, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1680 or even $ 0.1620 in the short term.
Technical indicators
MACD per hour – The MACD for Doge/USD now wins momentum in the Bearish zone.
Picly RSI (relative strength -index) -The RSI for Doge/USD is now below the 50 -level level.
Important support levels – $ 0.1940 and $ 0.1880.
Important resistance levels – $ 0.2000 and $ 0.2050.